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Asahi’s $16B deal to buy CUB gets competition approval with sell-off
Corporate 2020-04-01 2:27 pm By Christine Caulfield

The competition watchdog has signed off on the $16 billion acquisition of Carlton & United Breweries by Asahi after the Japanese beer giant offered to shed key beer and cider brands to seal the deal.

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Ashurst lures top Deloitte partner for launch of risk advisory arm
People In The News 2020-03-31 10:25 pm By Christine Caulfield

Ashurst has brought on former Deloitte senior partner Philip Hardy to help launch its consulting arm to compete with the big four firms, and the law firm says Hardy’s experience will be an asset as it manages the challenges of COVID-19 on clients’ businesses.

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Gadens faces lawsuit by director of Modscape for ‘malicious’ letter to building regulator
Real Estate 2020-03-30 4:31 pm By Christine Caulfield

Law firm Gadens and partner Andrew Denehy have been hit with a lawsuit by the director of Modscape alleging a letter to the Victorian Building Authority questioning the financial probity of the director and the design company was false and malicious.

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Barristers call for financial help as work declines amid coronavirus pandemic
Business of Law 2020-03-27 11:48 pm By Christine Caulfield

The association for practicing barristers in NSW has called for a financial support package for its members as courts restrict in-person hearings to combat the spread of the novel coronavirus.

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Ex-Storm Financial directors lose appeal, Full Court finds they breached their duties
Financial Services 2020-03-27 10:38 pm By Christine Caulfield

The former directors of defunct financial advisory firm Storm Financial have failed in their appeal of a ruling that found they breached their duties to eleven vulnerable investors by providing a one-size-fits-all model of investment advice that was inappropriate.

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Online trial planned in Opal Tower builder’s case against insurers
Construction 2020-03-26 10:41 pm By Christine Caulfield

The Federal Court is pushing ahead with an expedited trial in Icon Co’s case against Liberty Mutual Insurance and QBE over the Opal Tower disaster, just one month after originally scheduled, and it’s going online to do it.

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HWL Ebsworth softens stance, lets lawyers work from home
Business of Law 2020-03-26 9:08 pm By Christine Caulfield

After insisting that employees remain working in the office despite tough government restrictions to combat the spread of the new coronavirus, HWL Ebsworth has changed its tune, saying any lawyer wishing to work remotely could now do so, and would be paid as usual.

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Judge says funder can’t have cut of Banksia receivers $5.5M settlement with insurer
Class Actions 2020-03-26 3:01 pm By Christine Caulfield

The litigation funder controlled by recently deceased class action lawyer Mark Elliott has lost its bid for a 12.5 per cent commission of a $5.5 million settlement secured by the special purpose receivers of Banksia Securities in its claim against the collapsed firm’s former insurance broker.

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Mark Elliott’s Blackberry found, judge orders search of phone for evidence in Banksia class action
Class Actions 2020-03-26 1:57 pm By Christine Caulfield

The hunt for the missing Blackberry of deceased class action lawyer and funder Mark Elliott is over, and the located phone will now be examined by IT experts to see if it can be searched for potential evidence to be used as part of an investigation of  alleged professional misconduct by the legal team behind a class action against failed Banksia Securities.

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Spain appeals $375M ruling in arbitration spat over energy investments
Arbitration 2020-03-24 1:16 pm By Christine Caulfield

The Kingdom of Spain is keeping up its fight against the enforcement of two arbitration awards putting it on the hook for paying two investment companies $375 million.

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